Why Singapore Is Recruiting Older Workers

The video discusses the plan to raise Singapore's retirement age from 62 to 67 by 2017, driven by an aging population and labor shortages. It compares this with similar policies in other countries like Germany, the UK, and Australia. The video also explores the social and moral implications of such changes, questioning the sustainability of older individuals remaining in the workforce.

What is the planned retirement age in Singapore by 2017?

• 62

• 65

• 70

• 67

Why is Singapore pushing for a higher retirement age?

• To align with global standards

• To reduce unemployment

• Due to an aging population and immigration limits

• To increase the workforce size

What adjustments has Singapore made to accommodate older workers?

• Reduced working hours

• Increased salaries

• Government funds to redesign jobs

• Mandatory retirement at 60

Which country plans to raise the retirement age to 70?

• Germany

• United Kingdom

• Australia

• South Korea

What is a potential social consequence of raising the retirement age?

• Increased youth employment

• Higher pension funds

• Enormous social consequences

• Decreased life expectancy